President-elect Donald Trump is preparing to assume office, with his inauguration scheduled for Monday. Wolfe Research Head of US Policy and Politics Tobin Marcus joins Market Domination to analyze the key policies and proposals market participants can expect from the second Trump administration's first day.
Marcus predicts that initial policies will focus on immigration, noting that's "where they can do the most through executive order." He expects the Trump administration to "send a clear message" on deregulation on day one, though he cautions that "the deregulatory process moves a lot slower."
Regarding tariffs, he describes the administration's approach as "a big wildcard."
Addressing the imminent TikTok ban set for Sunday, January 19, Marcus explains that Trump "doesn't actually have the authority to delay the ban." He explains that the administration needs to convince Congress that progress has been made toward "a legally binding set of agreements have made towards executing a qualified divestiture within the 90 days extension that is authorized to grant." However, Marcus believes "that's not gonna be the case," describing the extension as "a temporary solution at best."
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"I think that a deal is going to be challenging to figure out, a genuinely satisfying deal that offers enough to the US that China's willing to give that we don't have to go through with the tariffs instead," Marcus concludes.
Watch the full video above for detailed insights into Trump's potential corporate tax policy.
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This post was written by Angel Smith